CEO Financial News

FAME scheme will help increase penetration of electric vehicles to 25 per cent from the current 5 per cent in India, Kinetic Green Founder and CEO Sulajja Motwani said on Thursday. Motwani, who is also the FICCI National EV Committee Chair, said while India has made a good start towards electric mobility, the next five years will be crucial to establish electric as the preferred technology for mobility amongst consumers. Speaking at Vibrant Gujarat Global Summit in Gandhinagar, she said the FICCI committee had submitted a comprehensive recommendation, including continuation of the FAME scheme, to the government for acceleration of electric mobility. «Certainly, a five-year long term consistent approach to the policy with a five-year demand scheme to take India from 5 per cent to 25 per cent, will be a great step for our nation,» she said.

Bengaluru CEO Suchana Seth Case: In the Suchana Seth case, the ongoing investigation has revealed that a heavy traffic jam resulting from an accident near the Goa border played a crucial role in guiding the police to this Bengaluru woman, who is now facing charges for the death of her child at a service apartment in Goa’s Candolim. The Twist of Fate at Chorla Ghat Stranded for four hours at Chorla Ghat, where the borders of Goa, Karnataka, and Maharashtra intersect, Seth's arrest was made possible due to the delay. Authorities believe that had she reached Bengaluru, recovering the child's body might have posed significant challenges. Custody Battle Reports indicate that Suchana Seth allegedly killed her son over an ongoing custody battle with her estranged husband, Venkat Raman.

₹400 crore in Mahindra Last Mile Mobility Ltd (MLMML), a subsidiary of Mahindra & Mahindra (M&M), valuing the company at ₹ 6,600 crore. The deal marks the Fund's first investment since it was set up in August last year, resulting in a projected 6-8% stake in MLMML.

OpenAI seeks to enhance its artificial intelligence products while addressing allegations of copyright infringement. OpenAI is in talks to license articles from CNN, produced by Warner Bros. Discovery Inc., to train ChatGPT and feature CNN's content in OpenAI's products, sources told the publication.

ANI that the accused seemed unhappy with the recent court order that permitted her husband to spend time with their child on Sunday. The accused and her husband have been involved in divorce proceedings since 2022. "They got married in 2010 and their divorce proceedings started in 2022.

The US Securities and Exchange Commission (SEC) has finally approved a range of spot Bitcoin (BTC) exchange-traded fund (ETF) applications. 

interim Budget 2024 is unlikely to be about any major announcement but the government could showcase what it has achieved in the past 10 years, believes Abhijit Bhave, CEO & MD of Equirus Wealth in a telephonic interview with Livemint. He also shares his views on the sectors and fund categories that could do well in the Calendar Year 2024. About the broader market index, he asserts that there are grim chances of the repeat of the ongoing bull run of 2023.

Union Budget by the Narendra Modi government before the 2024 Lok Sabha Election. An annual financial statement for the Union of India that contains the government's revenue and expenditure for a given fiscal year, the Union Budget is a massive and complex document. The budget is an annual financial statement that outlines the government's proposed expenditures and revenues for the upcoming fiscal year, which begins on April 1st and ends on March 31st of the following year.

Jerry Yu, a 23-year-old student at New York University, has made headlines not for his academic pursuits but for his extravagant ventures in the world of cryptocurrency and Bitcoin mining. Living in a lavish $8 million Manhattan condominium previously owned by Jeffrey R. Immelt, former CEO of General Electric, Yu symbolizes what is often referred to as the «second-generation rich» in China​​.

SIDBI ET MSME Conclave is scheduled to be held in Bhubaneswar on January 12. The conclave is a series of events being held nationwide to empower MSMEs. It kick-started with a successful session in Indore on January 9.

Karnataka’s Chitradurga district. Police officials have said that Suchana Seth was trying to flee in a cab. Now the cab driver who played a crucial role in getting Seth arrested has revealed details on how he managed to take the Bengaluru CEO to the police station without arousing her suspicion.

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Some industry leaders have also been critical of the inability of corporates to groom in-house talent for top jobs, being forced to turn to external candidates. In the light of that, boards have been paying closer attention to ensure a second line of talent is ready and available for the leading roles.

Boeing jets have rekindled frustration among airlines over the planemaker's struggle to contain a series of safety and supply crises, industry officials and experts said. Alaska Airlines, which operated Friday's domestic U.S. flight, and United Airlines together have 70% of the MAX 9 fleet and have canceled hundreds of flights.

Upekkha, a startup accelerator focused on the software-as-a-service sector, has announced the first close of a $40 million fund at $15 million. The fund was created with leading investment from WestBridge Capital. The other limited partners, or investors in the fund, include Godard Abel, founder and CEO of G2 that ranks SaaS companies.

ecommerce roll-up model, in which a company acquires and scales up multiple brands, is showing clear signs of distress with key players pausing fresh buyouts as they look for capital, multiple people aware of the matter said. Goat Brand Labs, among the better funded startups in the sector, is racing against time to raise fresh capital amid a widespread slowdown, people aware of the matter said. The Tiger Global-backed startup’s travails come after nearly two years of record funding that helped roll-up ecommerce firms like Goat bulk up their portfolio of brands, spurred also by the entry of industry pioneer US-based Thrasio into the Indian market.

McDonald's is reportedly introducing the Double Big Mac at participating restaurants across the US for a limited time starting January 24. This sandwich boasts an increased quantity of all-beef patties, totaling four, complemented by an extra serving of Big Mac sauce, along with pickles, lettuce, and chopped onions – although the cheese remains the same, with one slice positioned beneath the lower pair of patties, as per a USA Today report. Details regarding pricing and specific markets receiving the sandwich were not promptly addressed by McDonald's in response to inquiries.

For advisors who want to reap the benefits of SEC’srevamped marketing rule, Vidiance is offering a solution.

Blockchain mining firm Phoenix Group PLC has successfully acquired mining equipment valued at $187 million from Bitmain Development PTI Limited.

Skydance investors, led by CEO David Ellison and supported by billionaire Larry Ellison, are reportedly in early-stage talks to acquire a majority stake in National Amusements, the parent company of Paramount (PARA).

(Reuters) — Skydance Media CEO David Ellison is exploring an all-cash bid to acquire entertainment giant Paramount Global's parent National Amusements, the Wall Street Journal said in a report on Wednesday, citing people familiar with the matter.